Apple boasted quarterly revenues of $20.34 billion and earnings of $4.31 billion, while witnessing earnings per share to reach $4.64, smoking analyst expectations by more than 13%. To put the Cupertino, California-based revenue numbers into perspective, analysts expect revenue by search engine giant Google (GOOG) to reach $21.6 billion for all of 2010.

These revenue numbers were primarily driven by a huge increase in iPhone sales, a jump in Mac sales and increases in iPad sales. The ever-so-versatile iPhone witnessed sales rise by a whopping 91 percent unit growth over the same quarter a year ago, while the Mac computer line saw sales jump 28 percent and the iPad sold nearly 1 million more units sold than in Apple’s June quarter.

Furthermore, Apple provided guidance for its December quarter with an EPS figure of $4.80 and $23 billion in revenues. However, it is highly likely that the US’s second largest company by market share will surpass these numbers with the Christmas season approaching and Apple’s history for under promising and over delivering.

At the end of the day, Apple continues to outperform and offer products that have insatiable demand regardless of consumer sentiment and confidence about where the economy is going.

As mentioned above, three ETFs to play Apple include:

PowerShares QQQ (QQQQ), which allocates 19.01% of its assets to Apple.

iShares Dow Jones US Technology (IYW), which boasts Apple as its top holding, accounting for 12.95% of its assets

Technology Select Sector SPDR (XLK), which allocates 11.7% of its assets to Apple.

Vanguard Information Technology ETF (VGT), which allocates 10.27% of its assets to Apple.

Disclosure: No Positions

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About etftutorKevin Grewal is the founder, editor and publisher of ETF Tutor and serves as the editor at www.SmartStops.net, where he focuses on mitigating risk and implementing exit strategies to preserve equity. Additionally, he is the editor at The ETF Institute, which is the only independent organization providing financial professionals with certification, education, and training pertaining to exchange-traded funds (ETFs). Prior to this, Grewal was a quantitative analyst at a small hedge fund where he constructed portfolios dealing with stock lending, exchange-traded funds, arbitrage mechanisms and alternative investments. He is an expert at dealing with ETFs and holds a bachelor's degree from the University of California along with a MBA from the California State University, Fullerton.
He is contributing author on The Street - his articles can also be found published on various sites including Yahoo! Finance, The Globe and Mail , Daily Markets, MSN Money, Seeking Alpha, Fidelity Investments, Traders Library, and Minyanville. Prior to this, Mr. Grewal was an analyst at a small hedge fund where he constructed portfolios dealing with stock lending, exchange-traded funds, arbitrage mechanisms and alternative investments. He is an expert at dealing with ETFs and holds